Diversified Healthcare Trust (NASDAQ:DHCNL) Shares Down 2.9% – Here’s What Happened

Diversified Healthcare Trust (NASDAQ:DHCNL) fell 2.9% during trading on Thursday. The company traded as low as $17.17 and last traded at $17.25. 29,685 shares changed hands during trading, an increase of 13% from the average daily volume of 26,309 shares. The stock had previously closed at $17.76.

Diversified Healthcare Trust Trading Down 0.6%

The company’s fifty day simple moving average is $18.64 and its 200 day simple moving average is $18.64.

Diversified Healthcare Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th were issued a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend was Friday, August 14th.

Diversified Healthcare Trust (NASDAQ:DHCNL) is a real estate investment trust focused on owning and leasing healthcare-related properties in the United States. Its portfolio includes outpatient medical office buildings, life science and research facilities, and senior living communities.

The company’s properties are used by healthcare providers, medical researchers, and senior housing operators. Through its real estate portfolio, Diversified Healthcare Trust seeks to support healthcare delivery and related services while generating rental income from tenants and operating partners.

Founded as Senior Housing Properties Trust, the company adopted the Diversified Healthcare Trust name in 2018 to reflect its broader healthcare real estate strategy.